Foreclosures in the Seattle area were up 41% year-over-year, according to a report from RealtyTrac.
Seattle-area foreclosures continued to rise in July, according to a new report.
The area, defined as King and Snohomish counties, had 1,030 properties with foreclosure filings, up 41 percent from a year earlier and 13 percent from June, according to a Thursday report from RealtyTrac, an Irvine, Calif., company that tracks foreclosures.
The area’s rate of one filing for every 1,043 households put it 147th out of 230 areas RealtyTrac ranks, down from 145th in June.
Statewide foreclosures were up 56 percent from a year earlier and 0.7 percent from June. Washington’s rate of one filing for every 977 households put it 26th among states, down from 22nd in June. U.S. foreclosures were up 55 percent from a year earlier and 7.9 percent from June, with one in every 464 households receiving a filing.
(Aubrey Cohen, Seattle P-I, 08.14.2008)